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To: Paul Merriwether who wrote (6687)	6/19/1998 6:51:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Glenn and Jan if you don't mind my intrusion, what did you learn from this experience? Or, in other words, what would you do differently the next time if faced with a similar experience. Would you: a>box b>stop loss c>ride it out with greater resolve all the way to the "top" and back? best Paul, I believe I rode it out with about resolve as can be done. However, I would box the position next time with calls not shares so as not to have the huge margin calls. The stock went way above my wildest expectations and the cash necessary to hold the psotions was amazing. Also, I kept adding more bearish positions compounding the problem. I should have waited for a reversal. That is what I learned. Glenn PS I also learned that many on this thread can and will provide a lot of moral support. Lots of cyber friends.